Block subsidiary TBD54566975 has launched a new Web5 toolkit for developers designed to decentralize the Internet. FrederickMunawa reports from Bitcoin2023.
project, designed to make it easier for developers to create decentralized Internet applications.
The collection of technologies includes tamper-proof, self-owned identifiers similar to email addresses or usernames called decentralized identifiers ; secure digital certificates called verified credentials that provide legal proof of things like name, age and ownership of assets; and decentralized web nodes that store data in a decentralized way.
The full Web5 platform is expected to launch later in 2023, but with this initial release, developers can start building decentralized applications on“We're at Bitcoin Miami right now. I'm here because I think Bitcoin is one of those open protocols for freedom,” said Mike Brock, general manager of TBD at Block. “And I think that's what Web5 is as well.”
One of the first applications TBD will launch on their Web5 platform will be a remittance app for Africa and Mexico that uses bitcoin and stablecoins as payment rails. The app will be based on another TBD open source project called“We think remittances is probably the closest thing to a near-term killer app for bitcoin and stablecoins,” said Brock."The international remittances market is a mess.
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